chairman's latter

First off, Merry Christmas to all readers and MYG personnel. The world didn't finish after all.

Secondly, I liked the letter. One point struck me quite forcibly and that was the reference at the end to Copper and how that doesn't form part of the Sandstorm equation.

Given JG's comments about potentially having the biggest Copper mine in Australia, maybe MYG will develop into a Copper miner rather than precious metals. This would certainly explain why 3 blue ribbon institutions are prepared to commit very significant capital to a company that has yet to produce anything. In Sandstorm's case, they have just thrown away $38 million if the mine doesn't start. Not small money to anyone.

It would make sense that these institutions want to secure a piece of the Chinese Infrastructure boom before it really gets going. Here we are judging MYG as a Gold producer and all the while we might be missing the point.

Is there more to all of this than meets the eye?